Word: profitable
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Dates: during 1940-1949
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...Truman Committee. But old salts were troubled. Why was the net loss given in gross tons when the U.S. Maritime Commission computes new ship construction in deadweight tonnage?* Was the Navy totting up ship construction in deadweight tons, totting up losses in gross tons, thus netting a fictitious bookkeeping profit on every deal? Or was gross tonnage chosen because sinkings could be represented by a smaller figure? Knox was silent...
Getting the cars is only the first step. Selling them at a profit in the gyrating market is another. One New York dealer bought $50,000 worth of cars for shipment west one month, lost $8,000. Another month he made up his loss, and made money. Visions of quick turnover profits brought in many fly-by-night dealers who can go in & out of business in 15 minutes. Instead of shipping west by train or by truck, as do legitimate dealers, they reportedly hire civilians to drive cars west on black-market gas coupons. Unofficial estimates are that...
...Profit & Loss. I.T. & T.'s report showed consolidated net earnings for 1942 of $2,142,545 v. a $193,218 loss in 1941. The debt-ridden parent holding company still showed a net loss of $1,021,537 v. a $2,568,862 deficit the year before. After three years of a war which seemed to be conducted on the principle of overrunning I.T. & T. properties one by one, the 39-page report showed that just about every thing bad that could hit the company had already hit. The only...
...most significant thing about I.T. & T.'s income figures was what they did not include. First the profit-&-loss account omitted all income from American Cable & Radio, two-thirds owned since 1940 by I.T. & T. Yet in the first nine months of last year American earned $611,000 and this year should do better. With U.S. Government help, American has broken R.C.A.'s radiotelegraph monopoly in Russia, Algeria and the British Empire. Second, I.T. & T. listed no income that was not "received or available in U.S. dollars...
...fight, to write against "the whole system of organized injustice by which few govern many, hundreds of millions work in darkness to support a few thousands in ease . . . and the greater part of the human race has to live in filth and starvation to maintain an artificial system of profit." Sheean promised. The result was Personal History and Not Peace but a Sword (TIME, July 31, 1939), and now Between the Thunder...